The two countries are expected to sign several agreements
Saudi Crown Prince Mohammed bin Salman will visit Turkey next week, the Turkish president announced on Friday. The crown prince will be visiting on Wednesday, we will welcome him at the presidential palace in Ankara, Turkish President Recep Tayyip Erdogan told reporters.
God willing, we will have the opportunity to assess how far we can take relations between Turkey and Saudi Arabia, Erdogan said.
The Saudi government did not immediately respond when asked to comment on Erdogan’s remarks.
Further details of the kingdom’s crown prince’s June 22 trip will be announced over the weekend, a senior Turkish official said earlier.
The two countries will sign several agreements during his trip as Turkey turns to non-Western partners for financial support as soaring inflation bites.
Erdogan had already made his visit at the end of April to Saudi Arabia where he had met the prince before going to the holy city of Mecca. Turkey’s main concern would be getting Saudi funds to replenish the central bank’s coffers which are dangerously low, said Asli Aydintasbas, a member of the European Council on Foreign Relations.
James Dorsey, a senior fellow at the University of Singapore’s Middle East Institute, said both countries needed the visit.
While Turkey is seeking financial investment, Saudi Arabia may be interested in Turkish military technology, and they are both competing for leadership in the region, he said.
The Turkish lira has lost 44% of its value against the dollar in 2021, while the central bank has injected billions of dollars to support the currency.
Over the past 18 months, Turkey has also sought to restore relations with other countries in the region such as Israel and the United Arab Emirates.
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